Abbasi relocates Rs 14.8 billion from RLNG to LPG

By Staff Reporter
Friday – April 13, 2018
ISLAMABAD: Prime minister (PM) Shahid Khaqan Abbasi on Thursday chaired a meeting of the economic coordination committee (ECC) and got approved a proposal for allowing Sui southern gas company limited (SSGCL) to reallocate an amount of Rs 14.8 billion from regasified liquefied natural gas (RLNG) II pipeline project to liquefied petroleum gas (LPG) air mix projects for their expeditious completion and to ensure uninterrupted supply of gas to household, industry and so on.

According to an official statement, the ECC directed SSGCL to expand setting up of air mix plants in every district of the country. The ECC approved a proposal for grant of four-years extension in Kandra development and production lease.

The decision was taken after taking into account various impediments which have hindered the production of recoverable reserves from Kandra gas field and setting up of 120 megawatts (MW) power plant by Kandra power company limited (a subsidiary of Pakistan exploration (private) limited).

The ECC also considered the issue of power subsidy for the industrial sector and the payment of industrial subsidy package claims. It was decided to constitute a committee to analyse impact and sustainability of the package.

Considering a request from ministry of industries and production for approval of one-time grant to Pakistan machine tool factory (PMTF) for payment of dues owed to its retired employees, the ECC approved a grant of Rs 300 million in the first instalment.

Ads